ing event center for the future. Fort Adams
is fully permitted, and we can plug and play
into it like we do for other events such as
the Newport Jazz Festival. Other benefits
include improved utilities, staging, Internet,
additional dock facilities, and a water-shuttle
program.” (In the April issue of BoatU.S.
Magazine, see our story on cruising around
Newport and Narragansett Bay. In a future
issue, before AC events in California, we’ll
present a boaters’ guide to San Francisco.)

BIG BUCKS FOR THE BAY AREA

As the host city for both the Louis Vuitton
Cup (July 4 to September 1, 2013) and
the American’s Cup Finals (September 7 to
September 22, 2013), San Francisco will enjoy
the bulk of the revenue from the America’s
Cup, an estimated $1.37 billion. “This is
an extraordinary opportunity to leverage our
region’s resources to generate much-needed
revenue for our city and create jobs,” says San
Francisco Mayor Edwin M. Lee.

According to BACEI, the $1.37 billionis three times the estimated impact of host-ing the Super Bowl, which averages $300to $500 million. Top projected direct andindirect expenditures include cup manage-ment ($375 million); spending by the inter-national syndicate teams ($367 million),local visitors ($252 million) and non-localvisitors ($144 million); and infrastructure($158 million). In addition, BACEI reportsthe potential increase in employment sur-rounding the event could be on the orderof 8,840 jobs. This increase in output andemployment would likely yield $85 mil-lion for state and local governments. Plus,additional taxes to the city’s general fundare expected to net more than $13 millionbased on more than $24 million in revenue,and an estimated $11 million in tourism-related costs.

LARRY ELLISON IS ONE OF THE 40 AMERICAN BILLIONAIRES WHO HAVE SIGNED “THE GIVING
PLEDGE,” COMMITTING THE MAJORITY OF HIS VAST WEALTH TO CHARITABLE CAUSES.

The global economic forecast may be dismal but in the U.S. there are definitely bright spots.

Like getting up to $20-bucks back on select gallons of the finest antifoulings in the world. American made Pettit antifoulings.